Jain Digest 2005 11

Author(s): Federation of JAINA
Publisher: USA Federation of JAINA

Page 13

LET US LOOK AT THE GENERAL BENEFITS OF 4.Create funding and resources to establish an endowed GIVING FOR AN INDIVIDUAL
chair in Jain studies at various American colleges and uni
versities 1.Income tax reduction
5.Create particular foundation requested in the will or trust 2.Capital gains tax reduction/elimination
of a donor 3. Estate tax reduction/elimination 4.Gift tax reduction/elimination
We Jains possess our own unique set of financial cir5. Generation-skipping tax reduction/elimination
cumstances, lifestyle and value systems. Most estate plan6.Ability to pass on a significant portion of your assets to ners cannot effectively prepare an estate plan without children/grandchildren
knowledge of our various needs and desires regarding finan7. Ability to retain income for your lifetime or provide an cial independence, care for loved ones, tax reduction and income for loved ones
charitable giving. Our attorneys, accountants and gift plan8. Ability to leave a legacy
ning professionals can take a proactive role in educating us 9. Ability to share values with the family, children and about the variety of philanthropic options available and how grandchildren
these can be used to impart charitable values to our children. 10.Ability to serve the community
An estate plan is more than just the documentation reflect
ing a formal distribution of assets; it is a reflection of our Generally, in the USA, tax laws are very favorable to gen- values, hopes and dreams. erous people. They allow donors to receive tax deductions and at the same time benefit their next generation as well as My request to all of the legal professionals, tax profescharitable organizations.
sionals and financial planners of our community is to disAs JAINA is registered under IRS Section 501 (C) (3) as cuss the subject of planned giving to all their clients at the a Non-Profit Tax Exempt Religious Organization, it is appropriate time and ultimately make JAINA the beneficipoised to aid in charitable donations while upholding the ary of their trust. tenets of Jainism. We have a very unique opportunity here and can go beyond and help ourselves, our next generation Let us all work together to achieve the goals of JAINA as well as JAINA.
and fulfill our dreams. When our North American Jain community realizes the benefits of giving, we will be able to achieve something that all of us are dreaming of. For example, we will be able to: Yogesh Kamdar 1. Provide funding to promote non-violence and peace all JAINA Planned Giving Committee over the world 2. Assist and promote charitable and humanitarian commu- Disclaimer: JAINA cannot give and is not intending to give any nity services in North America and worldwide
legal/tax or accounting advice and we strongly encourage you to con3. Bring the entire Jain community of North America and the
sult your own attorney/tax advisor or financial planner for the poten
tial tax benefits if you intend to follow any of the charitable giving world closer
options.
સ્વામીજીની સાદાઈ અને ત્યાગ તો કૅ'વો પડે, ભગવા કલર ની મર્સિડિઝ કે
લેક્સસ સિવાય તો ગાડીમાં બેસતાજ નથી.
For info on 2005 convention log on www.jaina.org
11 - WINTER 2005